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New Murchison Gold Limited (ASX:NMG)

ALERT: Price-sensitive ASX Announcement for NMG
Current share price for NMG : $0.041 -0.003 (-6.82%)+
Announcement
Release
25 Jun 2026 8:18AM
Price at Release
$0.044
Full Release
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Summary
New Murchison Gold Limited (ASX: NMG) has announced a significant update to the Mineral Resource Estimate (MRE) at its Garden Gully Gold Project in Western Australia. The updated estimate reveals a 47% increase in the global Mineral Resource, now totaling 4.42 million tonnes (Mt) at a grade of 2.5 grams per tonne (g/t) of gold, containing 359,000 ounces of gold. This update incorporates maiden resource estimates for the Lydia and Abbotts deposits, marking a substantial expansion in NMG's production pipeline. The Crown Prince and Cloudkicker deposits have also seen notable increases of 18% and 22% respectively in contained gold ounces since the last model in November 2024. The project continues to demonstrate strong growth prospects, facilitated by new drilling data and refined geological modeling.
Key Points
  • Garden Gully Gold Project's Mineral Resource Estimate increased by 47% to 4.42 Mt at 2.5 g/t Au.
  • Total contained gold is now 359,000 ounces.
  • Significant contributions from new maiden resource estimates for Lydia and Abbotts deposits.
  • Crown Prince and Cloudkicker deposits show 18% and 22% increases in contained gold ounces.
  • The project benefits from new drilling data and refined geological modeling.
  • NMG holds a 100% interest in the project located in the Murchison region of Western Australia.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.